Shiba Inu Price Forecast: A Potential 190% Surge Predicted by Harmonic Pattern

Shiba Inu (SHIB) price is poised for a significant surge, with analysts predicting a potential increase of 190% based on a highly bullish harmonic pattern. This pattern suggests that the token’s value will rise substantially as the burn rate climbs. SHIB experienced a dramatic spike in price this past week, reaching its highest point since February. 2023, driven by Ethereum (ETH) breaking through the crucial resistance level of $2,500 for the first time in months. The surge also impacted other popular ERC tokens like Pepe (PEPE), AAVE (AAVE), and Uniswap (UNI).